Mortgage Broker Remuneration Reforms – What You Need to Know

K&L Gates LLP
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Concerns have been raised by the Australian Government in recent times in relation to the effect of current remuneration structures in the mortgage broking market on the quality of consumer outcomes.

During 2016, the Australian Securities and Investments Commission (ASIC) was asked by Government to look into these structures and at the same time also looked at the governance and oversight arrangements within industry participants in relation to remuneration.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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